If you need to cut down the time your business spends sending payment reminders, ezyCollect’s automation is the way to go. It’s built with real-world intelligence that just understands how people like to communicate with their customers. Yes, it helps you get paid up, but more than that—It’s a real investment in productivity and customer relationships.
Key Features:
- Syncs with major accounting software so you can go deeper with how you manage debtors and payments.
- Collates all overdue invoices into one statement so customers aren’t bombarded with multiple reminders (other software sends separate reminders for every invoice and that really annoys customers!).
- Customisable templates for email, SMS and postal reminders.
- Set up in minutes, send reminders and start getting paid straight away.
- Online payment gateway so it’s easy for customers to pay.
The problem ezyCollect fixes
Most small and medium sized businesses just don’t have the time it takes to send payment reminders to every overdue customer. It’s a messy job, hard to keep a track of, and it’s one of the most hated jobs in accounts receivable. Big business customers are often the worst offenders and their invoices are high value, but it’s hard to get their attention when they have so many other suppliers. Or a business might have many low value invoices—just too many to follow-up with payment reminders.
Why ezyCollect works
This is big business technology available to small to medium business. ezyCollect automates all your reminders. You reach every single overdue debtor big and small with multiple reminders each (email, SMS, post, even fax). You just set up your schedule and the system works in the background. Because you can personalise every reminder template, and communications come from your business address, every reminder looks personalised and sounds like you.
Customers learn you are serious about being paid, and sure enough, they stop ignoring your invoices.
Debtor tracking – the mapping and tracking of debtors is amazing. You can instantly see (via very cool graphs) the total amount owing, total amount overdue, largest overdue debtor, longest overdue debtors etc. You can use filters to slice and dice data. Debtors can’t hide in your books anymore! Also, any communications sent from the system are recorded for you, so you see a full communications history with your debtor.
Credit monitoring – ezyCollect also gives you the tools to get smarter about managing credit. From the dashboard, you can order a credit check report on a customer to check their credit transaction history, and sign up for credit monitoring so you get real-time alerts about customers’ negative credit events (that way you can try and recover your money before a customer goes into administration).
Legal services – you can escalate your reminders by ordering a demand letter and getting a third party agency involved. This way you keep the momentum going.
Debt collection – you can access debt collection agency to act on your behalf if you need to.
Online payments – you can install a gateway, then add ‘Pay Now’ buttons to reminders and statements so it’s really easy for your customer to pay you straight away with a credit card.
The Return on Investment
Cash on hand—working capital improves as debtors start paying you, and learn to pay you faster.
Time—you will literally save hours and hours each week. That’s time you can invest in other parts of your business.
Financing costs—reduce the associated costs of financing your cash flow problem – loans, invoice financing etc.
Try the ROI calculator for yourself and see how your own numbers stack up.
Conclusion
ezyCollect is best in field with its intuitive user interface and features that all respect the customer relationship. It really understands what businesses need to do to simply get paid and it takes the hassle out of manual tasks. The customer service at ezyCollect is the best—you are supported with free training, a 30 day trial period and in-app help when you need it. Highly recommend.
You can instantly see (via very cool graphs) the total amount owing, total amount overdue, largest overdue debtor, longest overdue debtors etc. Appslisto - App Review
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